Freddie Mac Won't Need Treasury Aid After Third-Quarter Loss

By
Cheyenne Hopkins
  • Bottom line hit by accounting for hedges on interest-rate risk
  • FHFA's Watt points to increasing likelihood of future draws

Freddie Mac moved closer to needing another dose of U.S. Treasury Department aid after reporting its first quarterly loss since 2011 stemming mostly from accounting for hedges against interest-rate risk.

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